Wall Street closes at record highs on AI earnings and Iran deal hopes

US stocks have closed higher as investors digested earnings results from major companies and monitored developments in the Middle East.

Key points

• Dow Jones ▲ 907.47 points, or 1.71%, to 54,085.88 
• S&P 500 ▲ 136.02 points, or 1.79%, to 7,736.52 
• Nasdaq Composite ▲ 671.10 points, or 2.59%, to 26,584.99 

The S&P 500 and the Dow have closed at record highs, powered by the latest batch of earnings from AI-related companies such as Caterpillar and Palantir that assuaged demand concerns. Crude prices and Treasury yields dropped on hopes for a deal in the Iran war.

Oil slides on Iran deal hopes

Crude prices fell around 5% after a Qatari official said efforts to secure a diplomatic

Shares soar to record highs, oil dives on peace hopes

The S&P/ASX200 has broken its all-time highs on hopes of a US-Iran peace deal.

Key points

• ASX 200 ▲ 82.0 points, or 0.90%
• All Ordinaries ▲ 95.0 points, or 1.04%
• ASX 200 closed at a record high of 9,225.7
• Australian dollar ▲ to 70.49 US cents (from 70.14 US cents)

Australia's share market has broken multiple records as investor confidence surges on hopes for an imminent US-Iran peace deal.

The S&P/ASX200 closed at a record-high 9,225.7 on Wednesday, up 82 points, or 0.9 per